Oil prices fell on Monday due to concerns about a decline in global demand


Fears about a possible decrease in demand for oil led to a drop in oil prices during trading on Monday. The projected global demand for oil is adversely affected by the slowdown in the growth of profits of industrial enterprises in China for five consecutive months, which also causes a slowdown in the growth rate of China’s GDP. Saudi Arabia's planned increase in oil production to the maximum to counter the effects of the introduction of US sanctions against Iran, and the growth of oil reserves in the United States also affect market sentiment. By 18:08 Moscow time on Monday, December futures for Brent oil fell by 51 cents to 77 dollars 11 cents per barrel. The price of the December futures for WTI oil fell 63 cents to 66 dollars 96 cents a barrel.

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